If in 2011 Dumbo took everyone by surprise, ranking 4th in the top 10 neighborhoods, in 2012 another Brooklyn neighborhood grabbed the spotlight. Boerum Hill climbed to 6th place with a median sale price of $950,000, surpassing well known upper class neighborhoods like the Upper East Side, West Village and ultimately Dumbo. As our gentrification map shows, Boerum [...]
Shopping center and NYC commercial office space owner, Sam Tawfik, recently shelled out $12 million for 27 apartments off of Miami’s Biscayne Boulevard, with hopes of transforming the up-and-coming neighborhood into a 1990’s version of SoHo. "This is the time to be a New York seller and a Miami buyer," said Tawfik. "The upside is [...]
2012 was the year for luxury real estate in NYC, as many infamous addresses, historical settings, and even one of Manhattan’s most powerful buildings was up for grabs. From billionaires to business moguls, from a casino oligarch to a 22-year-old, buyers broke sales records in NYC residential real estate. Below you will find a compilation [...]
New York City was named one of 10 commercial real estate markets to watch in 2013 by PricewaterhouseCoopers US and the Urban Land Institute. According to Emerging Trends in Real Estate 2013 report, NYC real estate is anticipated to recover in 2013, as modest gains in leasing, rents, and pricing will expand across U.S. markets [...]
In 2012, NYDOS granted over 4,000 new salesperson and broker licenses—reaching an all-time high since the housing bust. There is no doubt that the NYC real estate industry has flourished throughout these tough times in the job market, persuading people to consider a career change. As most careers continue to stagnate, a rising number of [...]
with REEDC’s Public Adjuster class as part of the Property Casualty Insurance Class Today, Real Estate Education Center’s Center for Insurance Careers over-exceeded its expectations, when its 40-hour Public Adjuster course, in compliance with NY State legal requirements, filled up beyond capacity. There has always been a high demand for trustworthy, competent Public Adjusters; however, after [...]
In advance of a two-day forum this week exploring the effectiveness of public and private policy responses to the housing crisis, real estate database Zillow Inc. asked some of the forum’s big-name participants to weigh in on what moves they would or would not have made if they had been in President Barack Obama’s place. [...]
The Grand Concourse in the South Bronx, long an emblem of urban decay in New York City, has reportedly started experiencing something of a resurgence in recent years. The wide avenue, modeled on the Champs-Elysees of Paris, is lined with many spacious art-deco apartment buildings — reminders of the Concourse’s prosperous past — that are [...]
Hiring in the New York City real estate market is picking up as the citywide employment picture is starting to improve across the board, according to a report last week by Real Estate Weekly. Several firms have started to aggressively expand their rosters, focusing primarily on younger workers and high-achieving senior employees, REW said. Firms [...]
Analytics company CoreLogic Inc. has reported that delinquency and foreclosure rates in the greater New York City area rose at the end of 2011, bucking a national trend toward reductions in both categories. In December 2011, foreclosure inventories hit 4.6 percent, a 0.6 percent increase from the previous year, while delinquency rates hit 7.9 percent [...]